Technical Product Manager (Capital Markets)

Requirements

• Strong experience as a Technical Product Manager, Product Owner, or Senior Engineer in:
• Exchanges
• Market infrastructure
• Ultra‑low‑latency trading platforms
• Deep understanding of:
• Central limit order books
• Matching engine behaviour
• Price/time priority models
• Proven ability to own complex, highly regulated technical systems
• Experience working closely with platform engineers and architects
• Ability to make informed trade‑offs between:
• Performance
• Market fairness
• Operational risk
• (Desirable) Direct experience with Millennium Exchange or similar exchange platforms
• (Desirable) Strong understanding of:
• FIX and native exchange protocols
• Multicast market data distribution
• Deterministic system design
• (Desirable) Asset‑class experience:
• Equities, ETFs, Fixed Income, or Derivatives
• (Desirable) Experience supporting large‑scale market migrations or upgrades

What the job involves

• The Electronic Trading Technical Product Manager is responsible for the technical product strategy, delivery, and evolution of the Millennium Exchange trading platform, ensuring it meets the highest standards for performance, resilience, fairness, and regulatory compliance
• This role sits at the intersection of market operations, trading technology, product design, and engineering, owning the translation of market structure and participant needs into production‑grade exchange services used by global trading firms, brokers, and market makers
• Own and evolve the technical product roadmap for Millennium Exchange components including:
• Central order book
• Matching engine
• Market data dissemination
• Gateways and participant connectivity
• Drive platform enhancements aligned to:
• Market quality
• Throughput and latency improvement
• Capacity and scalability growth
• Balance participant demands with market integrity and operational stability
• Market Structure & Stakeholder Engagement
• Work closely with:
• Market Operations
• Regulatory Affairs
• Internal Product & Client Engagement teams
• Translate market model changes (tick sizes, auction mechanics, order types) into technical delivery plans
• Act as a technical point of contact for member firms on platform capabilities and behaviour
• Own detailed technical product requirements, including:
• Functional behaviour and market mechanics
• Sequencing and deterministic processing rules
• Performance and capacity targets
• Failure and recovery scenarios
• Partner with engineering teams to deliver changes through:
• Design reviews
• Incremental releases
• Full market rehearsals and testing cycles
• Ensure change delivery meets strict governance and release controls
• Define and enforce standards for:
• Deterministic latency
• Throughput and peak message handling
• High availability and failover
• Business continuity and disaster recovery
• Own platform observability including:
• Latency distribution monitoring
• Order lifecycle tracing
• Capacity and stress metrics
• Support incident triage and post‑incident root cause analysis
• Market Data & Transparency
• Own technical aspects of:
• Level 1 / Level 2 market data feeds
• Replay, recovery, and consistency mechanisms
• Ensure data accuracy, timeliness, and fairness across all participants
• Work with downstream consumers on schema evolution and feed performance
• Ensure platform changes comply with regulations and partner with Risk and Compliance as needed

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